Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Well we are now back at the mid price (0.12) just before that sharp rise.
I have had a bit more time to read the RNS and I thought it was positive. Ok, there is the delay in the permit but as far as we know, that is not in the control of the company. The Environmental Assessment for the Project is at an advanced stage and clarifies that we are in the final stages of the mine permitting. SRES has applied for all other required permits (water, air quality, minor permits etc) so it appears they have done all they can and its just a waiting game for the outcomes. Then there's the submission of a reclamation bond following the completion of permitting which appears to be a pre-requisite to commence mining.
@Mineralex, thanks for clarifying the issue with the grinding facility. I didn't think it was a major issue as we have had good test results on our pozzolan before. I think the key line was that further processing will be required using more appropriate grinding technology. I would have thought this was a common issue when testing (no expert).
Another encouraging sign is further offtake enquiries from potential perlite customers and although for me a less significant point to the CS project, they seem to have had enquires on JV on other projects.
I think we are all in agreement that if all permits are granted, the SP will rise. How high who knows. Just wondering whether the lack of definitive timeframe(s) for completion of permit(s) is what is holding the SP back although its out of SRES hands and obviously providing an expected timeframe and missing that it also doesn't go down too well as we know (early 2020 permit guidance).
GLA
Can anyone tell me when the permit is expected (someone seemed to say q1 but was this based on company statements? Or some kind of logic (Eg allow for 30 day consultation and review and sign off etc)
Essentially want to gather a view on if we’re talking Feb, March or q2
Thinking this stock is cheap if the numbers are what people say they are especially as production would be almost immediate (is that right?)
Baffles me too Craig. Only thing I can think of is the low market cap .
Pepe, its a risky business waiting for those prices at this stage
I need to AVG down.. where? 0.10p? Or we can have chance at 0.08/0.09p?
Not sure why more people can't see the potential here!
Permit any day now...don’t want to be caught out being on the sidelines...this can fly as you have seen...think 0.50 easily when it lands imo
Hi Same Thing.
When we know what size they want we just put the Perlite through the crusher at the desired size, load up the lorry and take it to who needs it .
Please don’t worry any of you about that our family have been doing this for 3 generations.
I could even mention our family company name, but for obvious reasons I’m not allowed ok.
The first one we ever used we built ourselves....
Have a good day at work and please don’t worry.
Min, the query is more along the lines of why a custom facility that sounds like it is designed for grinding things could not grind our product. When we did successful trials with Cement Companies previously of CS pozzolan we must have supplied a suitably ground product.
Hope that clarifies what the question is about.
Right must get ready for work.
Good day....
On this I do know what I’m on about as we use them all the Time.
Crusher Rollers.
* The particle size is generally controlled through the wedge between the two rollers or shim adjustment device. When the wedge is pulled up, the gap between the two rollers becomes larger, and the grain size of the discharge becomes larger.
* When the wedge is downward, the size of the discharge becomes smaller. The shim adjustment device increases or decreases the number of shims to make the gap between rollers larger or smaller, so as to control the discharge size.
In regard to crusher sizes on the machines today weather portable or not the machine operator just press different size on his machine button.
Heck no Min, fire away. If you have an explanation would be happy to hear it.
Good evening Dubliner.
I hope you don’t mind if I come in on this ?
Hi SGD I also clocked that and plan to ask about it as not far to Macclesfield for me.
I've finally had a chance to read through the results properly. I'm always trying hard to find any negatives, but couldn't see many. The permitting delay is the obvious one, which I accept is outside our control.
This paragraph caught my eye :
"In order to meet customer demand for additional testwork 18 tons of pozzolan were submitted to a commercial custom grinding facility but the process technology proved unsuitable and could not achieve the required grind size and further processing will be required using more appropriate grinding technology."
I just wondered if this carries some sort of implication about the "grindability" of our pozzolan? Given all the other successful testing I doubt if it's a problem, but I wondered if anyone else had a view? It's something I'd have asked about at the AGM, but unfortunately Macclesfield is way too far away for me.